Posted by mary burks on .
if a investor invested 1,500 in two funds one earned 4% profit the other eared 2% profit if the investor profit was 42. how much was invested in each fund?
If $x was invested at 4%, then the rest (1500-x) was invested at 2%. So, adding up the interest earned,
.04x + .02(1500-x) = 42.00
x = $600